Instant Noodle Market: An Economic Indicator in the Philippines Essay

aditBackground of the StudyWith the Filipinos worsening economy, people ar adequate more concerned with their expenditures and ar shifting their pulmonary tuberculosis to cheaper alternatives. Such an alternative for nourishment is flash bulb because these indorsement noodles are not only tasty and filling, barely also very cheap. These three qualities have make it very universal among consumers who are tightening their budget. This report card aims to show that the increasing popularity and sales of this moment noodles are directly related to the worsening condition of the Philippines economy. When consumers experience freeze off income and commence level of spending power they tend to substitute cheaper, lower quality goods for relatively more expensive, higher quality goods. In this light, instant noodles are becoming an indicator of the countrys economic performance. Additionally, this increase consumption of instant noodles brings about many wellness and economic implications. educational act of the ProblemIn the current deteriorating adduce of the Philippine economy, instant noodles, because of their affordability and convenience, are slowly replacing traditional food staples and at the same time, becoming an economic indicator. In this research, the author focus on how instant noodles are gaining popularity in the Philippines in relation to this products characteristics and the influences of the economy and income per capita. The paper would also solve the following questions how the consumption level of instant noodles is declaratory of the countrys economic activity? What are the implications that the growing consumption of instant noodles may have on the Philippine economy and the health of the population?Importance of the studyMore knowledge on this content could climb up useable to understanding how the instant noodle market could baffle an effective gauge of a countrys performance and the state of living. In addition, by delvi ng into the subject, more information may be made available and would allow future studies to look more closely on how instant noodles may be improved to nevertheless benefit the common population. Also, the growing industry may be prove to be useful as a mechanism of providing labor and other forms of economic benefits for the country. As poverty continues to be rampant and resources remain scarce, instant noodles may prove to be a solution to some of the problems faced by the Philippines today. area and Limitation of the StudyThe research will focus on the consumer activity of households with relatively low income and how it would relate to the economy. The survey for this paper will be conducted with 30 respondents at Brgy. 617, a relatively impoverished urban connection situated in Sampaloc, Manila. The interview will also take buns in the said barangay.Subject AccountingSubject of Topic instantaneous NoodlesTopic The effects of noodles to those family who has low income Pu rpose The purpose of this research is to further increase the understanding of how the economic state of a country affects its consumers behaviors towards instant noodles or even similar products. Title Instant Noodles Becoming a Replacement for Traditional Food Staples in Brgy. 617 Sampaloc, Manila and an Indicator of the Philippine Economy.